Global Aqua Feed Market to Grow Rapidly as Human Consumption of Fish Rises

Published Date : Aug 04, 2016

Aqua feed is the food that is given to fishes and is commercially manufactured making use of several industrial procedures. Aqua feed is available as pellets that contain several vital ingredients that are essential for fish and are administered externally. The aqua feed pellets are available in different sizes depending on the different species that are to be fed. 

The global aqua feed has been categorized on the basis of its end use into:

  • Tilapia
  • Carps
  • Catfish
  • Mollusks
  • Crustaceans
  • Salmon

Among these, the carps segment holds a massive share in the global aqua feed market at present. This segment is expected to witness rapid growth in the coming few years, thanks to its compatibility in less than ideal environmental circumstances. Furthermore, the mollusks segment accounts for the second largest share in the overall market and are anticipated to grow significantly in the near future. The growing awareness regarding the health benefits is projected to contribute extensively towards the development of the mollusks segment in the next few years. 

The tremendously rising human consumption of fish and the growth of aquaculture market are some of the primary factors anticipated to drive the global market for aqua feed in the next few years. In addition, the rising demand for functional and conventional aqua feed from several countries of Asia Pacific have created potential opportunities for the key market players. On the flip side, the constantly changing prices of vital raw materials that are used in aqua feed are estimated to impede the growth of the overall market in the coming few years.

The global aqua feed market is competitive in nature and holds potential growth opportunities in the next few years. As a result, several players are estimated to enter the global aqua feed market in the coming few years in order to expand their product catalog and create a brand name in the near future. Some of the leading players in the global market for aqua feed are Dibaq Aquaculture, BioMar A/S, Alltech Inc., Avanti Feeds Ltd., Cargill Incorporated, Cermaq ASA, Beneo GmbH, and Aller Aqua A/S.